Willis Group Holdings. today agreed to reimburse about $2.6 million to cities and counties throughout Florida.
An ex-COO is suing the company, saying he was unfairly compensated in the wake of a bid-rigging scandal.
Registered investment advisers are the fastest-growing distribution channel for mutual-fund-based small-business 401(k)s. Starting from a small base, they are adding assets at the rate of about 14% a year, according to Boston-based Financial Research Corp.
Jon A. Boscia’s retirement announcement this month has nothing to do with the company’s merger prospects or its financial performance, according to the chief executive and chairman of Lincoln Financial Group.
In a case that married dry-as-dust estate-planning issues with “Dallas”-like squabbling among wealthy family members, a Texas court has decided that King Ranch heir B.K. Johnson had all his faculties when he drew up his last will and that his widow and third wife didn’t manipulate him into excluding his children.
Two legal decisions this month related to equity index annuities make clear that plaintiffs must attack specific annuity provisions or standardized marketing materials in order to show the “commonality” needed for class action certification.
After a long, hard slog, H&R Block Financial Advisors Inc. has found its way to profitability, and it expects to stay there, but its parent company’s long-standing goal of turning millions of tax clients into brokerage clients remains elusive.
CHICAGO — Financial advisers are crafting new strategies to convince clients to complete their wills and estate plans.
NEW YORK — The rich are different, and so are their insurance needs, but many wealthy people may be leaving themselves unprotected, according to personal-lines-property-casualty-insurance specialists.
The Blackstone Group has found a way to dodge billions in taxes, The New York Times reported.
The Senate Finance Committee is scrutinizing a bill that could raise taxes paid by hedge fund managers and private equity heads.
Conseco Inc. will consolidate operations and sell properties as part of a plan to pare down expenses.
The Secretary of the Treasury will hold a conference to examine the tax system's effect on U.S. businesses and economic growth.
New York Life Insurance Co. has promoted Gary Scofield to senior vice president and chief actuary.
Two-thirds of defined benefit pension sponsors have either closed their plans to new hires or have frozen such pensions for all participants in the last two years.
In an unexpected move, Lincoln Financial Group announced that its chairman and CEO will retire on Sept. 1.
Presidential candidate John Edwards stands behind proposed tax hikes for private-equity and hedge fund managers, the Wall Street Journal reported.
The cost of fighting money laundering has risen 58% since 2004, according to a survey by KPMG.
Cynthia Keithley, principal of Keithley Investment Group LLC, goes to almost any length to serve her small-fry clients.
Mergers between employee benefit and financial advisory firms may become common as they set their combined sights on baby boomers’ retirement assets, according to industry observers.
